Ruttle Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05607655 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

RUTTLE CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T K Ruttle

REGISTERED OFFICE:

Heathwood

Leyland Lane

Ulnes Walton

Leyland

Lancashire

PR26 8LB

REGISTERED NUMBER:

05607655 (England and Wales)

ACCOUNTANTS:

James Todd & Co

Greenbank House

141 Adelphi Street

Preston

Lancashire

PR1 7BH

CURRENT ASSETS

Stocks

7,603

-

Debtors

4

255,306

275,387

Cash at bank and in hand

454,455

261,763

717,364

537,150

CREDITORS

Amounts falling due within one year

5

113,591

90,004

NET CURRENT ASSETS

603,773

447,146

TOTAL ASSETS LESS CURRENT LIABILITIES

603,773

447,146

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

603,771

447,144

SHAREHOLDERS' FUNDS

603,773

447,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2020 and were signed by:

T K Ruttle - Director

1.	STATUTORY INFORMATION

Ruttle Construction Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced services provided, excluding value added tax.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the

instrument. Basic financial assets, which include debtors and bank balances, are initially measured at transaction

price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is

measured at the present value of the future receipts discounted at a market rate of interest. Basic financial

liabilities, which include creditors and accruals, are initially recognised at transaction price and are subsequently

carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value

of the future obligations discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

175,621

195,902

Other debtors

79,685

79,485

255,306

275,387

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

49,792

18,649

Corporation tax

36,918

23,231

Social security and other taxes

8,164

19,182

Accrued expenses

18,717

28,942

113,591

90,004

6.	SECURED DEBTS

There is a cross guarantee and debenture between Blackthorn Estates Limited, Contract Services (Millennium)

Limited, Groco Holdco 1 Limited, Groco Newco 7 Limited, Ruttle Construction Limited, Ruttle Plant

(Birmingham) Limited, Ruttle Plant (North East) Limited and Ruttle Plant Holdings Limited, dated 11 March

2016 in favour of Barclays Bank PLC.

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Groco Newco 3 Limited.

The ultimate controlling party is T K Ruttle.